💸 How to price your product for the Drapers 💸
In this brief segment, the speaker outlines a pricing and cost structure for a hospital sensor product. The offering is positioned as a monthly subscription at $99 per sensor per bed. The speaker notes that the manufacturing cost per sensor is approximately $300, highlighting a significant margin challenge. They also question the difficulty of production, suggesting that the sensor is not overly complex to make and implying limited competitive barriers. The overall tone is conversational and pragmatic, focusing on the financial and manufacturing feasibility of the product for hospitals.
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